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- Bitcoin sees intensified selling pressure after breaking important supports.
- Gold weakens further on unstable geopolitical backdrop
- Risk appetite improves on US–Iran talks optimism, weighing on the dollar
- Brent Falls Below $100 on US–Iran Talks Optimism
- British retail sales post a strong decline in April
- Eurozone PMI points to moderating economic expansion in May
- Gold bears pause near key support zone, though downside pressure persists as geopolitics stay in focus.
- Britain’s inflation rate cools unexpectedly in April
- Dollar Index retests key resistance levels following a period of consolidation.
- Brent crude reaches a two-week peak but encounters stiff resistance near the $110 area.
EURUSD broke below the 1.08 support level, but bears might pause as oversold conditions emerge
EURUSD slipped below the key psychological level of 1.08, reaching a new multi-week low early Wednesday. The broader bearish trend remains intact, strengthened by the recent formation of a 10/200DMA death cross. A daily close below 1.08…
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Cable – bears aim to break through the daily cloud base following a period of consolidation
Cable is currently in an extended consolidation phase around the breached psychological support level of 1.30, as larger bears take a moment to consolidate above key support levels.
In the near term, price action remains within the daily…
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AUDUSD – The rebound from a new multi-week low must overcome key resistance levels to deter larger…
AUDUSD rebounded from a new six-week low in early trading on Tuesday, as bearish pressure encountered strong support at 0.6645/27 (50% retracement of 0.6348/0.6942 / 200DMA).
Recent recovery efforts are testing significant resistance at…
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Silver climbs to its highest level in 12 years
Silver prices surged to their highest levels since November 2012 on Monday, following last Friday’s impressive 6.4% daily rally, as the psychological barrier of $34.00 was breached.
The metal’s rise was driven by increased safe-haven…
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Gold – Increasing global uncertainty drives prices to new record highs
Gold continues to rise, reaching new record highs on Monday morning. The recent close above the psychological $2700 barrier has generated a fresh positive signal, reinforcing a bullish outlook.
The yellow metal is benefiting from…
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USDJPY – Breaking key levels to provide new directional signals
USDJPY gained momentum in early Monday trading but remains within its recent range, awaiting a stronger directional signal.
The short-term outlook is expected to stay bullish as long as the price holds above the rising daily Tenkan-sen…
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Gold prices have reached a new all-time high, breaking above the key psychological level of $2700…
Gold broke through the psychological $2700 barrier on Friday morning, reaching a new historical high.
The price continues to be supported by looser monetary policies and increasing concerns surrounding the upcoming U.S. election.…
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European Central Bank lowers rates once more as inflation subsides and the bloc’s economy…
The European Central Bank (ECB) implemented its third interest rate cut of the year on Thursday, lowering the deposit rate by 25 basis points to 3.25%. This marks the first consecutive rate cut in 13 years, signaling a notable shift in the…
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The dollar continues to rise as expectations for a cooling in Fed rate cut bets and potential Trump…
The U.S. dollar continues its upward momentum against a basket of major currencies, reaching its highest level since early August during Thursday’s European session.
Key factors driving the dollar's strength include the possibility of a…
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EURUSD is trading close to a multi-week low as the market anticipates a widely expected 0.25% rate…
The euro slid to its lowest point in 2 ½ months during early European trading on Thursday, marking its fourth consecutive day in the red as part of a broader three-week downtrend.
Markets are focused on the European Central Bank's (ECB)…
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